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ASEAN has been urged to find ways for its member states to join hands together to cushion any possible fallout from the trade war between the United States and China. Against the backdrop of an escalating trade war between the US and China, Deputy Minister of…
The burgeoning US-China trade tensions will calm down sooner or later, despite the additional tariffs counterattack between the world’s two largest economies, according to the US leading strategic consultant David Morey. “I think the trade war is going to…
With US President Donald Trump gearing up to impose tariffs on US$200 billion (RM828 billion) on Chinese goods and Beijing certain to retaliate against any measures, the world’s two biggest economies are locked in an escalating trade war, with no resolution…
Against the backdrop of an escalating trade war between the US and China, Deputy Minister of International Trade and Industry Dr Ong Kian Ming is advocating greater cooperation between Asean countries to package the region to foreign investors instead of…
The United States and China escalated their acrimonious trade war today, implementing punitive 25% tariffs on US$16 billion (RM65.6 billion) worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two…
The United States on Wednesday levied 25 percent tariffs on $16 billion worth of Chinese imports. China immediately retaliated by putting the same level of tariffs on $16 billion of American goods. Since July 6, each country levied 25 percent tariffs on $34…
Malaysia’s gross domestic product (GDP) could contract by 1.3% in two years should the trade war between the United States and China intensify. CIMB Group chief economist Dr Donald Hanna said Malaysia’s economic growth could shrink in the event of continuous…
Vietnam will be the most vulnerable country in Southeast Asia should the U.S.-China trade war persist, according to recent research. This is because Vietnam is the most export-dependent of the ASEAN big five, which also includes Indonesia, Malaysia, the…
The Malaysian steel sector will be affected negatively in 2018 and 2019 due to the trade wars on the external front, said MIDF Research. “Changes in global trade policies, tepid global demand as well as the local steel mill cost structure will continue to…
Indonesia will clarify its position with the World Trade Organization after the United States asked the multilateral body to allow it to impose sanctions on Southeast Asia’s biggest economy after winning a trade dispute that it claims had cost US business up…
China warned the United States today that upping the ante in a tit-for-tat trade war will “only serve to disappoint” the world as Washington threatened to raise the tariff rate on the next US$200 billion (RM814 billion) of Chinese imports. Beijing said it…
While bracing for the fallout from a trade war between China and the United States, Indonesia is doing its best to avoid sparking a trade war of its own with the world’s largest economy. Indonesia found itself on the wrong end of a trade imbalance with the…
How does the CEO of China’s second largest e-commerce company feel about the escalating U.S.-China trade war? Richard Liu, founder and CEO of JD.com–an online retailer with 300 million annual active customers, $56 billion in revenues in 2017, and investors…
The Vietnam Institute for Economic and Policy Research (VEPR) has cautioned that the ongoing trade war between the U.S and China is changing the dynamics of trading in the world, and would eventurally hit Vietnam more than in its exports sector. Pham Sy…
Regional economies in Indonesia will be affected if the United States suspends its special tariffs for some of the country’s exports, a minister said on Tuesday (10/07). The US is currently reviewing Indonesian products on its Generalized System of…
The first salvo in the latest trade war between the U.S. and China was fired by the former last Friday, when it slapped a 25 percent duty on about $34 billion worth of Chinese goods. China retaliated “immediately” with a similar action, the country’s foreign…
